Avax Apparels and Ornaments SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the Avax Apparels and Ornaments IPO. Explore Avax Apparels and Ornaments IPO details, including IPO dates, financial statements, valuation, peer comparison, and more.
Overview
Avax Apparels and Ornaments Limited operates in two distinct business segments: wholesale trading of knitted cloth and online retail of silver ornaments.
Wholesale Trading of Knitted Cloth: Avax Apparels specializes in the wholesale trading of knitted cloth, sourcing directly from manufacturers and supplying to companies and ready-made garment manufacturers in Punjab. Avax Apparels has recently acquired machinery to start manufacturing knitted cloth in-house, aiming to enhance profit margins and reduce working capital requirements through backward integration.
Online Retail of Silver Ornaments: The company operates an online retail platform for silver ornaments, offering a wide array of products including silver rings, pajebs, kada, plate sets, glasses, bangles, bowls, chains and other silver jewelry. The company supplies silver jewelry across major cities in India and emphasizes customization and quality through an in-house designing team and rigorous quality inspections.
Key Points:
- Business Segments:
- Wholesale Trading: Specializes in knitted cloth for jackets, with a focus on geographical advantages and strong business relationships.
- Online Retail: Offers a broad range of silver ornaments, including rings, bangles, chains, and more, through an online platform.
- Manufacturing and Outsourcing:
- Knitted Cloth: Recently acquired machinery for in-house manufacturing, aiming for backward integration to improve profit margins and reduce credit periods.
- Silver Ornaments: Outsourced manufacturing with a focus on quality control, including an in-house designing team and thorough quality inspections.
- Market Presence:
- Knitted Cloth: Supplies to companies and ready-made garment manufacturers primarily in Punjab.
- Silver Ornaments: Serves customers across major Indian cities with the ability to replicate gold jewelry designs and offer exclusive Punjabi ethnic designs.
Objects of the Issue
- To meet out the Working Capital requirements of the Company
- To meet out the General Corporate Purposes
IPO Details
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| Fields | Details |
|---|---|
| IPO Dates | 07 Jan - 09 Jan 2025 |
| IPO Price Band | ₹70 per share |
| Fresh Issue | 274,000 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹1.92 crore |
| Face Value | ₹10 |
| Listing On | BSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 07 Jan 2025 |
| IPO Closing Date | 09 Jan 2025 |
| Basis Of Allotment | 10 Jan 2025 |
| Refunds | 13 Jan 2025 |
| Demat Transfer | 13 Jan 2025 |
| IPO Listing Date | 14 Jan 2025 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| Total Income | 0.29 | 14.70 | 22.06 | 15.01 |
| Total Expenses | 0.28 | 13.76 | 20.12 | 13.75 |
| Net Profit/Loss | 0.01 | 0.69 | 1.38 | 0.91 |
| NPM (*) | 3.51 | 4.72 | 6.26 | 6.04 |
| Total Assets | 0.58 | 3.47 | 4.85 | 10.89 |
| Total Liabilities | 0.56 | 1.70 | 1.70 | 6.84 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2022 | 31st March 2023 | 31st March 2024 | Sep 2024 |
|---|---|---|---|---|
| EPS | 0.94 | 9.07 | 18.06 | 11.84 |
| ROE (%) | 61.33 | 39.34 | 43.91 | 21.51 |
| ROCE (%) | 81.43 | 53.56 | 61.68 | 31.06 |
| D/E Ratio | 18.14 | NA | 0.23 | 0.18 |
| Current Ratio | 0.81 | 1.86 | 2.29 | 1.46 |
| EBITDA MARGIN (%) | 4.67 | 6.75 | 9.52 | 9.67 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| Avax Apparels and Ornaments Limited | 22.06 | 3.88 | 18.06 | 44.72 | 52.97 |
| Anand Rayons Limited | 344.26 | 21.60 | 2.09 | 8.37 | 25.3 |
| Aarnav Fashions Limited | 356.49 | 41.3 | 1.33 | 4.3 | 43.3 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 0 |
| Non-Institutional Investor (NII/HNI) | 140.46 |
| Retail Individual Investor (RII) | 372.35 |
| Total | 260.42 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
Skyline Financial Services Private Limited
Phone: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Company Promoters
- HARINDERPAL SINGH SODHI
- HARISH KUMAR
Lead Managers
- SKI CAPITAL SERVICES LIMITED
Company Address
Avax Apparels and Ornaments Limited
611 6th Floor Jaina Tower II Distt. Centre Janakpuri, West Delhi, Delhi- 110058
Phone: +011-44750642/ +91-9599497767
Email: secretarial@avaxapparels.com
Website: www.avaxapparels.com
FAQs
- What is the issue size of the Avax Apparels and Ornaments SME IPO?The Avax Apparels and Ornaments SME IPO has an issue size of ₹1.92 crore. This includes a fresh issue of 274,000 shares and an offer for sale (OFS) of NIL.
- What is the price band of the Avax Apparels and Ornaments IPO?The price band for the Avax Apparels and Ornaments IPO is ₹70 per share.
- What are the bidding dates for the Avax Apparels and Ornaments IPO?The Avax Apparels and Ornaments IPO will open for bidding on 07 Jan 2025 and close on 09 Jan 2025.
- What is the allotment date for the Avax Apparels and Ornaments IPO?The allotment date for the Avax Apparels and Ornaments IPO is 10 Jan 2025.
- What is the minimum lot size and investment required for the Avax Apparels and Ornaments IPO?The minimum lot size for the Avax Apparels and Ornaments IPO is 2000 shares and the minimum investment required is ₹1,40,000.
- What is the listing date for the Avax Apparels and Ornaments IPO?The listing date for the Avax Apparels and Ornaments IPO is 14 Jan 2025.
- What is the Avax Apparels and Ornaments IPO grey market premium?The grey market premium (GMP) for the Avax Apparels and Ornaments IPO is currently at ₹20, with an expected listing gain of approximately 28.57%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.